Selection of Shanghai to host headquarters of development lender speaks to a stark truth about the central role of Beijing in the grouping

NASDAQ-listed Chinese private medical service provider iKang Healthcare Group, Inc. has acquired Shanghai Huajian Health Checkup Center, according to Chinese news report. The deal size and specific details of the investment are not disclosed. Founded in 2008, Shanghai Huajian Health Checkup Management Co. currently operates three health checkup centers in Shanghai. IKang Healthcare Group, Inc. […]

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Shanghai-based Chinese online second-hand electronics recycling platform Aihuishou has completed US$8 million series B financing led by the International Finance Corporation (IFC), according to Aihuishou's official Sina Weibo. Aihuishou previously received US$2 million in series A financing in 2012 from Morningside Venture, which also participated in the latest series B round. The proceeds will be […]

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CNPC has found signs of oil and gas after drilling in disputed waters near Vietnam, but withdrawal of rig could ease tensions in South China Sea

Iranian President Hassan Rouhani recently marked the end of his first year in office not only with smiles, but also with further evidence of his efforts at domestic reform and geostrategic reorientation. In Iran’s case, these two imperatives have long gone hand in hand.

Something changed – or perhaps was revealed – in the US during the last month: Many millions more Americans watched the World Cup soccer tournament than ever before. They may never call it "football," but now it is their sport, too.

Over the last quarter-century, rapid technology-driven globalization has contributed to the fastest increase in incomes and population in history. But globalization has also unleashed a new form of systemic risk – one that threatens to devastate political institutions and national economies.

The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital In the second quarter, the number of daily online job postings increased 18.6% year-on-year for 51Job Inc., and 14.4% for Zhaopin Limited. Both growth rates were slower than the first quarter, when the two companies experienced growth of job […]

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The International Finance Corporation (IFC) is seeking to raise US$750 million to US$1 billion for a global emerging market fund-of-funds to invest in private equity funds in the emerging market space. The fund, named IFC Global Emerging Markets Fund, will make equity investment of up to US$150 million within required total capital commitments, according to […]

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China's GDP growth expanded to 7.5% in the second quarter from 7.4% in the first quarter this year due to pro-growth fiscal policies and improving external demand, according to China's National Bureau of Statistics. The GDP growth sightly beats market expectations of 7.4%. But the downside risks still remain, especially in the sluggish property sector, […]

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Pace of growth puts economy on track to meet Beijing’s annual target as it relies on economic stimulus measures to shore up growth

Chinese online game developer and operator Giant Interactive Group announced that during an extraordinary general meeting, its shareholders voted in favor of its USD3 billion going-private proposal, which was raised on March 17, 2014. The company said in a statement that their shareholders who own 80% of the company's outstanding ordinary shares participated in the […]

Shenzhen-based Chinese real estate trading platform www.Fangdd.com has completed US$80 million series B financing, according to media reports. Vision Knight Capital China Fund, Lightspeed China Partners and CDH Venture Partners participated in the round. Fangdd.com previously received RMB50 million in series A financing from CDH Venture last July. Proceeds from the latest round will be […]

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U.S.-based beverage brand Vita Coco announced plans to bring the coconut water brand to China through an exclusive agreement with Red Bull China. Red Bull China also acquired a stake in privately-held All Market Inc., the makers of Vita Coco. Vita Coco, which is based in New York, sold approximately 25% of the business to […]

U.S.-based Halliburton has signed an agreement with a Chinese company for hydraulic fracturing in the oilfields in the Xinjiang area of China. Halliburton inked the deal with an SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services. The new company, […]

Washington frustrated in trying to build a case against state enterprises and what it says are their illegal subsidies